Purchase Facility with Optional Construction Facility
- Home
- Transactions
- Purchase Facility with Optional Construction Facility

Loan Priority
1st Mortgage
Loan Amount
$2,000,000
Loan to Value (LTV)
65%
Loan Purpose
The broker was working with a borrower who already had a competing loan offer for the purchase of the property. The competing offer was at a higher LTV and a higher interest rate. The borrower was uncertain if they were going to flip this property or construct a new home. They had significant capital available to start and fund the majority of the construction if they chose to proceed this way.
Location
Oakville, ON